Section 58-27-77 - Immediate disposal of ineligible investment unlawfully acquired.
58-27-77. Immediate disposal of ineligible investment unlawfully acquired. The insurer shall forthwith dispose of any ineligible investment unlawfully acquired by it, and the director may suspend or revoke the insurer's certificate of authority if the insurer fails to dispose of the investment within such reasonable time as the director may, by his order, specify.
Source: SL 1966, ch 111, ch 6, § 33 (2).